Making Tax Digital
Discussion
Piersman2 said:
I wouldn't mind paying a few quid for an app, but I'm NOT interested in engaging with a "third party provider". I have neither the time bandwidth or the money to start paying someone else to do a task that takes me 10 minutes each quarter now. I am a 1 man band Ltd company. I'll wait and see how it pans out over the next 3 months.
Good business opportunity for someone to develop an Android/I-Phone app to do this. Can't imagine anything simpler to do on a phone, fill in a simple form and then click submit. Sell it for £5-10 on Android market place.
Similar boat here.Good business opportunity for someone to develop an Android/I-Phone app to do this. Can't imagine anything simpler to do on a phone, fill in a simple form and then click submit. Sell it for £5-10 on Android market place.
I even wrote some software against their test system to do it, but hit public sector bureaucratic mud when I tried moving to live and gave up. Eventually they want it to come from an accounting system I gather so filling in a simple form would be against the rules at done point.
Crossing my fingers and hoping it all goes tits up.
Piersman2 said:
I wouldn't mind paying a few quid for an app, but I'm NOT interested in engaging with a "third party provider". I have neither the time bandwidth or the money to start paying someone else to do a task that takes me 10 minutes each quarter now. I am a 1 man band Ltd company. I'll wait and see how it pans out over the next 3 months.
Good business opportunity for someone to develop an Android/I-Phone app to do this. Can't imagine anything simpler to do on a phone, fill in a simple form and then click submit. Sell it for £5-10 on Android market place.
All applications have to be verified by HMRC. They will not allow something like that. Having said that it is possible to do an App that pulls in data from Google Sheets or Apple Numbers.Good business opportunity for someone to develop an Android/I-Phone app to do this. Can't imagine anything simpler to do on a phone, fill in a simple form and then click submit. Sell it for £5-10 on Android market place.
Piersman2 said:
I'm still searching for someone to release a free tool/app which effectively replicates the existing online input screen. I found a couple of close contenders but they are being provisioned with strings attached.
Only one I've found is VitalTax - although comes with a caveat that I haven't actually used it yet and a lot of the other's I found are 'free' until you hit submit and then they charge a transaction fee. And I have never heard of the developer.Frustrating isn't it? How to make a simple process into a complete PITA that has the opportunity to become an expensive complete PITA.
sleepezy said:
Only one I've found is VitalTax - although comes with a caveat that I haven't actually used it yet and a lot of the other's I found are 'free' until you hit submit and then they charge a transaction fee. And I have never heard of the developer.
Frustrating isn't it? How to make a simple process into a complete PITA that has the opportunity to become an expensive complete PITA.
My next VAT return isn't till May but I have installed the Excel Add-In and it looks good as far as I can tell. I was able to grant authority to interact with HMRC and then revoked it again for now.Frustrating isn't it? How to make a simple process into a complete PITA that has the opportunity to become an expensive complete PITA.
I emailed them about the price:
VitalTax for VAT will be free for the next financial year. We are
looking into several options that will allow us to keep it free after
the first year. If we introduce some charges, VitalTax will cost less
than any other comparable solution available on the market (around
£1/month per VAT registration)/
I'm tighter than a gnatt's a
hole but at that price I'd pay 
Edited by Dromedary66 on Tuesday 12th February 13:59
Eric Mc said:
Although this could be looked on as a business, or a finance or even an employment matter, the implementation of Making Tax Digital in just over one year's time will affect EVERYBODY, not just those with complex or business related tax affairs.
Therefore, I think it should be discussed under the broader aspects of the "News" section rather than in one of the more specialised forums where people who need to be aware of it might not venture too often.
To kick start the discussion, I am providing a link to an article today in Accountancy Age (the world's most exciting newspaper) which reports on the Treasury Select Committee's very grave concerns about this whole programme.
I would advise everyone (and I really do mean "everyone") should be aware of Making Tax Digital (MTD) and be fully aware as to how it will affect them.
Just to let you know, even though this is the most fundamental change to UK taxation since the introduction of Self Assessment 20 years ago, HMRC has stated that they will NOT be conducting a public awareness campaign. So it is up to each taxpayer to find out about these radical changes themselves.
https://www.accountancyage.com/2017/01/17/treasury...
Thanks for explaining nothing at all about it.Therefore, I think it should be discussed under the broader aspects of the "News" section rather than in one of the more specialised forums where people who need to be aware of it might not venture too often.
To kick start the discussion, I am providing a link to an article today in Accountancy Age (the world's most exciting newspaper
) which reports on the Treasury Select Committee's very grave concerns about this whole programme.I would advise everyone (and I really do mean "everyone") should be aware of Making Tax Digital (MTD) and be fully aware as to how it will affect them.
Just to let you know, even though this is the most fundamental change to UK taxation since the introduction of Self Assessment 20 years ago, HMRC has stated that they will NOT be conducting a public awareness campaign. So it is up to each taxpayer to find out about these radical changes themselves.
https://www.accountancyage.com/2017/01/17/treasury...
Rovinghawk said:
Porridge GTI said:
Thanks for explaining nothing at all about it.
Totally out of order- Eric has been helpful in raising awareness of the situation. If you have to DYOR then so what?I'll say a genuine thank-you.
Eric is v helpful and an asset here - he thinks like a businessman does and not those that think that more bureaucracy is better!
A few apps have popped up that will port an Excel sheet to the HMRC new system - google Excel VAT filer or bridging.
I have just done what I said I wouldn't ever do and have been sucked in to the 'pay forever' vortex for a fancy spreadsheet. Accountant was offering a basic Xero for a tenner a month and my using this will help him a lot. As he hasn't put his cost up in over 5 years I was happy to oblige. I still hate the value and ridiculous need to pay forever for it mind (it costs more than a human based telephone support contract for the top end TV editing software which also includes dozens of updates to this hugely complex large 3Gb program - not some few Mb of spreadsheet code). Ho hum!
A few apps have popped up that will port an Excel sheet to the HMRC new system - google Excel VAT filer or bridging.
I have just done what I said I wouldn't ever do and have been sucked in to the 'pay forever' vortex for a fancy spreadsheet. Accountant was offering a basic Xero for a tenner a month and my using this will help him a lot. As he hasn't put his cost up in over 5 years I was happy to oblige. I still hate the value and ridiculous need to pay forever for it mind (it costs more than a human based telephone support contract for the top end TV editing software which also includes dozens of updates to this hugely complex large 3Gb program - not some few Mb of spreadsheet code). Ho hum!
Nothing special about it. It’s been digital in the US for years. Loads of good apps out there that work well, Intuit TurboTax being the leaders. If your tax affairs are fairly straightforward, you can even just take pics of your tax documents and it fills out and submits the forms for you. Easy peasy.
It’d be dead easy to implement the same platform for HMRC purposes, and it’s kind of odd that it’s hasnt been yet.
It’d be dead easy to implement the same platform for HMRC purposes, and it’s kind of odd that it’s hasnt been yet.
dvs_dave said:
Nothing special about it. It’s been digital in the US for years. Loads of good apps out there that work well, Intuit TurboTax being the leaders. If your tax affairs are fairly straightforward, you can even just take pics of your tax documents and it fills out and submits the forms for you. Easy peasy.
It’d be dead easy to implement the same platform for HMRC purposes, and it’s kind of odd that it’s hasnt been yet.
They don't have VAT in the US. What have they been doing digital for years?It’d be dead easy to implement the same platform for HMRC purposes, and it’s kind of odd that it’s hasnt been yet.
Welshbeef said:
Eric Mc said:
We've had electronic filing of income tax returns for 24 years.
But people generally only do one if they are informed they mustThe UK system actually puts the onus on the taxpayer to notify HMRC when they must submit a return. HMRC are not clairvoyant although they do have means of finding out that taxpayer may have had unreported taxable income such as an undeclared rental property.
Eric Mc said:
Indeed, the UK tax system has been automated for decades and many people have no need to file returns as their income is taxed at source or they don't need to pay tax. By all accounts, the US system is dreadfully clunky and complex (partly due to the complicated interactions between the federal and state tax systems).
The UK system actually puts the onus on the taxpayer to notify HMRC when they must submit a return. HMRC are not clairvoyant although they do have means of finding out that taxpayer may have had unreported taxable income such as an undeclared rental property.
Quite. From everything I have hard about the US tax system the American on this thread really has no right to crow about their way of doing things.The UK system actually puts the onus on the taxpayer to notify HMRC when they must submit a return. HMRC are not clairvoyant although they do have means of finding out that taxpayer may have had unreported taxable income such as an undeclared rental property.
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